# Praktis

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/praktis

- Industry: Software
- Headquarters: Jakarta, Indonesia
- Website: www.praktis.co
- Total disclosed funding: $23M
- Latest round: Series A (Apr 26, 2023)
- Investors on record: 4

## About

Praktis, based in Indonesia, is a supply chain solutions provider focused on the apparel sector. The company enhances operational efficiency for retail brands through its innovative platform that integrates design, production, and delivery processes.Founded in 2016 in Jakarta, Indonesia, Praktis specializes in comprehensive supply chain solutions for retail businesses, particularly in the apparel industry. The founders Adrian Gilrandy, Dhimas Syahendra, Dipta Imanto, and Mohamad Fahrul have a background in the sector. In April 2023, Praktis raised USD 22.51 mn in SERIES A funding from investors including East Ventures, SMDV, TAP Applied Agri Services, and Triputra Group, bringing the total amount raised to USD 22.51 mn and the current company valuation to USD 69.17 mn.Praktis specializes in providing comprehensive supply chain solutions tailored for retail businesses, primarily focusing on the apparel sector. Their core offerings include an advanced platform that streamlines the entire supply chain process, from design and production to delivery, enabling brands to enhance productivity and maintain quality standards. The company produces a diverse range of apparel, including casual wear, activewear, and outerwear, ensuring that every piece meets high standards of style and quality. Targeting markets beyond its home region, Praktis serves various international clients and brands that seek to optimize their supply chain operations. This platform facilitates efficient inventory management, consolidates orders from multiple sales channels, and assists businesses in making data-driven decisions based on historical performance and future trends.Praktis operates on a business model that includes B2B transactions, primarily partnering with retail brands to offer supply chain services. The revenue structure is built around providing tailored solutions for clients, with potential pricing plans that reflect the complexity and scale of the services offered. For instance, the production of apparel items, such as T-shirts, hoodies, and pants, has starting prices that are indicative of the cost structure for these goods. Clients can engage with Praktis through subscriptions or service contracts, ensuring a steady flow of transactions as they leverage the company's platforms for their supply chain needs. This model enhances operational efficiency and positions Praktis as a vital partner in the growth and success of their clients' brands.Praktis plans to utilize the funds raised in April 2023 to enhance technological advancements, expand partnerships with suppliers, and grow its team. The company is also looking to launch new product lines designed specifically for international markets, aiming for a broader geographic expansion into Southeast Asia by 2024. The recent funding will play a crucial role in supporting these initiatives, ensuring that Praktis remains competitive and responsive to the evolving needs of its clients.

## Funding rounds

- Series A, Apr 26, 2023, $23M — East Ventures, SMDV, Triputra Group, TAP Applied Agri Services
- Seed, Dec 14, 2021 — East Ventures, Triputra Group

## Investors

- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed, Series A
- Triputra Group — Seed, Series A
- SMDV (https://capitalatlas.ai/funds/smdv) — Series A
- TAP Applied Agri Services — Series A